Whether inherited, found, or bought, an uncut ruby can be a valuable gemstone. But how much are they actually worth?
If you’re short on time, here’s a quick answer to your question: An uncut ruby’s value depends on several factors like its size, color, clarity and origin. They can range in price from a few hundred to several thousands or even millions of dollars per carat.
What Factors Determine an Uncut Ruby’s Value?
When it comes to determining the value of an uncut ruby, several factors come into play. These factors include the size of the ruby, its color and clarity grades, as well as its geographic source and variety. Let’s delve deeper into each of these factors to understand how they contribute to the overall value of an uncut ruby.
Size of the Uncut Ruby
The size of an uncut ruby is a crucial factor in determining its value. Generally, larger rubies are more valuable than smaller ones. This is because larger rubies are rarer and more difficult to find. The weight of the ruby, measured in carats, significantly affects its value. For example, a one-carat uncut ruby will be worth more than two half-carat rubies combined. However, it’s important to note that the overall quality of the ruby also plays a role in determining its value, even if it is smaller in size.
Color and Clarity Grades
The color and clarity grades of an uncut ruby also heavily influence its value. Rubies come in a variety of colors, ranging from vibrant reds to deep purples. The most valuable rubies are those with a rich, intense red color. Clarity refers to the presence of any internal or external flaws, such as cracks or inclusions, within the ruby. Rubies with fewer flaws are considered more valuable. Gemological laboratories, such as the Gemological Institute of America (GIA), grade rubies based on their color and clarity, providing a standardized system for evaluating their worth.
Geographic Source and Variety
The geographic source and variety of an uncut ruby can also impact its value. Rubies are found in various parts of the world, including Myanmar (Burma), Thailand, Sri Lanka, and Mozambique, among others. Rubies from certain sources are known for their exceptional quality and rarity, commanding higher prices in the market. For example, Burmese rubies are highly sought after for their deep red color and are often considered the most valuable. Additionally, certain varieties of rubies, such as star rubies or pigeon’s blood rubies, are particularly prized and can fetch premium prices.
It’s important to remember that the value of an uncut ruby is subjective and can vary based on individual preferences and market demand. Consulting with a reputable gemologist or jeweler can provide valuable insights into the specific factors influencing the value of an uncut ruby.
Average Price Ranges for Uncut Rubies
Low-Quality Small Uncut Rubies
Low-quality small uncut rubies typically have a lower value compared to higher quality and larger rubies. These rubies may have flaws and imperfections such as cracks or uneven color distribution. The price range for low-quality small uncut rubies can vary depending on factors such as carat weight, color, clarity, and origin. On average, these rubies can range from $50 to $500 per carat.
Medium-Quality Gem-Sized Rubies
Medium-quality gem-sized rubies are considered to be of better quality compared to low-quality rubies. They have fewer flaws and a more vibrant color. The price range for medium-quality gem-sized rubies can vary significantly based on their carat weight, color intensity, clarity, cut, and origin. On average, these rubies can range from $500 to $2,500 per carat. It is important to note that the price can increase even further if the ruby exhibits exceptional qualities.
High-Quality Large Rubies
High-quality large rubies are the most valuable and sought-after among uncut rubies. These rubies are typically free from major flaws, have a deep red color, and exhibit excellent clarity and transparency. The price range for high-quality large rubies can vary significantly depending on their carat weight, color saturation, clarity, cut, and origin. On average, these rubies can range from $5,000 to $50,000 per carat, with some exceptional specimens reaching even higher prices.
It is important to keep in mind that these price ranges are just averages and can fluctuate depending on various factors. To get an accurate assessment of the value of an uncut ruby, it is recommended to consult with a reputable gemologist or jeweler. They will consider all the relevant factors and provide you with a more precise estimate based on the specific characteristics of the ruby in question.
How Uncut Rubies are Professionally Evaluated
Color Grading for Rubies
Color is one of the most important factors in determining the value of an uncut ruby. Gemologists use a standardized grading system to assess the color of rubies. The Gemological Institute of America (GIA) is a reputable organization that sets the industry standards for color grading. Rubies are evaluated based on their hue, tone, and saturation. The most valuable rubies are those that exhibit a rich, vibrant red color with a medium to dark tone and high saturation. These rubies are often referred to as “pigeon’s blood” rubies, and they command the highest prices in the market.
Clarity Grading for Rubies
The clarity of an uncut ruby refers to the presence of any internal or external blemishes, such as cracks or inclusions. Gemologists use a magnifying loupe to examine the ruby and assign a clarity grade based on the number, size, and visibility of these flaws. The Gemological Institute of America (GIA) uses a clarity grading scale ranging from “Flawless” to “Included.” Rubies that are free from visible blemishes are considered more valuable. However, it is important to note that inclusions can sometimes enhance the beauty and uniqueness of a ruby, making it desirable to collectors.
Cut Quality Analysis
The way a ruby is cut can greatly impact its value and appearance. A well-cut ruby will have excellent proportions, symmetry, and polish, allowing it to reflect light and showcase its color and brilliance. Gemologists assess the cut of a ruby based on its overall shape, proportions, and the quality of the facets. A poorly cut ruby may appear dull or lackluster, even if it has a good color and clarity. The Gemological Institute of America (GIA) provides guidelines and standards for evaluating the cut of rubies, ensuring that they are evaluated consistently and accurately.
When evaluating the value of an uncut ruby, it is important to consider all of these factors – color, clarity, and cut quality. Each of these elements contributes to the overall beauty and desirability of a ruby. It is recommended to consult with a professional gemologist or visit a reputable jewelry store to get a proper evaluation of your uncut ruby.
Uncut Ruby Value Estimates by Carat Size
Uncut Rubies Under 1 Carat
Uncut rubies that are under 1 carat in size can vary in value depending on their quality and color. On average, these smaller rubies can range in price from $100 to $500 per carat. However, it’s important to note that factors such as clarity, cut, and origin can greatly impact the value of the ruby. Rubies with a rich red color and minimal inclusions are considered more valuable.
1-3 Carat Uncut Rubies
For uncut rubies that are between 1 and 3 carats in size, the value can increase significantly. These rubies are larger and therefore more rare, making them more sought after by collectors and enthusiasts. On average, the price for these rubies can range from $500 to $5,000 per carat. The quality and color are still important factors in determining the value, with deep red rubies with few inclusions being the most valuable.
3-5 Carat Uncut Rubies
When it comes to uncut rubies that are between 3 and 5 carats in size, the value can reach even higher levels. These larger rubies are considered more valuable due to their rarity and size. The price for these rubies can range from $5,000 to $20,000 per carat, depending on their quality, color, and origin. Rubies in this size range with a vibrant red color and exceptional clarity can command top prices.
5+ Carat Uncut Rubies
Uncut rubies that are 5 carats or larger are extremely rare and highly valuable. These rubies are often considered collector’s items and can fetch astronomical prices. The price for these rubies can range from $20,000 to over $100,000 per carat, depending on their quality, color, and origin. Rubies of this size with a deep red color, exceptional clarity, and minimal inclusions are considered the most valuable.
It’s important to keep in mind that these price ranges are estimates and can vary significantly based on market conditions and the specific characteristics of each individual ruby. To get a more accurate valuation, it is recommended to consult with a reputable gemologist or jeweler who specializes in rubies.
An uncut ruby can range tremendously in value based on multiple characteristics like size, color, clarity and origin. While small, low-quality rubies may sell for less than $100 per carat, fine gem-quality uncut rubies over 5 carats can be worth over $1 million per carat in some cases.
Having an uncut ruby evaluated by a certified gemologist is the best way to get an accurate estimate of its true market value. With its dazzling red color and intriguing lore, the mystical ruby will always be a treasured gemstone.